The number of home mortgages in arrears for more than 90 days fell to 5.6% at the end of March from 5.7% three months earlier.
This marked the lowest level in nine years, new figures from the Central Bank showed today. Home mortgage accounts in arrears over 90 days decreased by 986 over the quarter, while accounts in arrears for over 720 days decreased by 664.
The proportion of residential investment property loans in arrears more than 90 days also fell for the third quarter in a row, having risen unexpectedly to the highest level in more than a year last June, today's figures also revealed.
The Central Bank noted an increase of 3,827 in the number of short time arrears - less than 90 days - in the three month period.